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ResearchPaper
2009
Production and employment impacts of new technologies : analysis for biotechnology
Production and employment impacts of new technologies : analysis for biotechnology
Abstract (English)
Biotechnology is often regarded as a key technology with high potential for far-reaching social, environmental and economic impacts. Among others, the development and diffusion of biotechnology may have considerable economic effects on production and employment. This paper analyzes the economic impacts of different diffusion paths of biotechnology in some major application fields. Bottom-up technology information from literature, expert judgements and explicit scenario assumptions for various impact factors are combined and integrated in an input-output framework to calculate direct and indirect production and employment effects. The impact on net production and employment differs greatly between the different application sectors and depends on the respective importance of the various impact mechanisms. The indirect economic effects are rather high and exceed direct economic effects. These findings show the importance of a bottom-up approach as well as the consideration of indirect economic effects for appropriate analyses of the impact of biotechnology.
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FZID discussion papers; 08
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Faculty
Faculty of Business, Economics and Social Sciences
State Institutes
State Institutes
Institute
Institut für Volkswirtschaftslehre (bis 2010)
Forschungszentrum Innovation und Dienstleistung
Forschungszentrum Innovation und Dienstleistung
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Language
English
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330 Economics